This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $115k initial cash invested.
-14.04%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$2,783
Rent
-$1,343
Cashflow
Cash Flow
$2,783 income − $4,126 expenses = $1,343 out of pocket
Investment Breakdown
|
Purchase Price
$547k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$115k
Downpayment
20%
$109k
Closing costs
1%
$5,465
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,783
Total Expenses
$4,126
Mortgage P&I
108%
$3,011
Property Taxes
7%
$191
Home Insurance
7%
$197
HOA
0%
$4
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0